Desperate ApeWives NFT Drop: A Deep Dive into the Sell-Out
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In the ever-evolving landscape of NFTs, the recent sell-out of the Desperate ApeWives (DAW) collection has caught significant attention. Just three weeks ago, I highlighted this project as it was gaining traction, and I couldn't resist jumping in. My curiosity around NFT sales statistics drove me to follow this project closely.
It's fascinating how quickly things can change in the NFT sphere; three weeks can feel like an eternity. In my earlier article, I noted three standout projects: Mekaverse, DAW, and ImaKittyCat, with Mekaverse being the most recognized among them, achieving a ranking as the 17th largest NFT drop ever according to OpenSea.
As many of you may know, I work full-time in the NFT realm, often clocking around 17 hours a day. My role involves generative NFT programming at GenerativeNFTs.io, which fuels my obsession for NFTs. I love tracking sales, learning, and engaging in the market, while always searching for the next big opportunity.
Now, let’s delve into the DAW sale, which is set to commence at 11:00 a.m. my time. First, let's review the presale details:
DAW Presale Overview
The DAW presale kicked off yesterday, with 3,625 apes sold. This early-access strategy is beneficial for initial supporters, allowing them to purchase without the stress of gas wars. For investors, such opportunities can minimize initial costs and potentially lead to greater profits down the line. However, the artwork of these apes is so appealing that it makes the idea of flipping less enticing than simply holding on to see if the value increases post-reveal.
In addition, the pre-reveal animation was impressive:
With a staggering 36,000 members in their Discord community, excitement was palpable.
DAW Public Sale
The public sale is now underway. I’ll provide updates at intervals, particularly regarding gas prices, which I anticipate will fluctuate wildly.
The mint limit is set at three per wallet:
This limit seems to be a growing trend in NFT drops, promoting a wider distribution of ownership rather than concentrating multiple tokens in fewer wallets. It's a strategic choice that aligns with the goal of building a robust community.
11:06 a.m.
11:10 a.m.
11:13 a.m.
11:20 a.m.
The site’s counter isn't visible to me, but Etherscan indicates that 5,000 tokens have been sold:
Gas prices remain significantly high.
11:30 a.m.
The site counter is back and shows:
Etherscan confirms similar figures:
11:42 a.m.
12:02 p.m.
12:30 p.m.
12:44 p.m.
12:56 p.m.
1:11 p.m.
2:03 p.m.
2:38 p.m.
- Quick math: Time elapsed: 3 hours, 28 minutes == 218 minutes
- Started at 3,265; currently at 7,198 == 3,933 sold
- Average sale rate: > 18 apes/minute
These statistics indicate a steady sales pace rather than a rapid sell-out, likely influenced by the three-ape wallet limit. I believe this strategy serves them well.
3:13 p.m.
3:34 p.m.
4:04 p.m.
4:34 p.m.
4:56 p.m.
5:11 p.m.
5:35 p.m.
6:08 p.m.
8:10 p.m. (brief dinner break)
8:52 p.m.
9:41 p.m.
10:18 p.m.
10:51 p.m.
11:29 p.m.
12:04 a.m.
12:41 a.m.
The drop is now appearing on OpenSea’s 24-hour rankings, alongside other notable collections:
12:58 a.m.
1:26 a.m.
1:45 a.m.
2:00 a.m.
2:30 a.m.
With 9,766 sold, the final push is on!
2:33 a.m.
Although the site displayed 9,810/10,000, DAW's Discord members confirmed that the remaining tokens were reserved for giveaways and team promotions, which is a common practice in NFT launches. They celebrated the sell-out with an announcement video, a nice touch that I would have shared here if it weren’t too large for the platform.
For a more detailed analysis of this drop, here's a comprehensive breakdown of the sales pace:
Finally, let's check the floor price immediately after the sale. Many NFTs were listed below 0.1 ETH moments ago, but the floor is being rapidly swept up, currently standing at 0.1 ETH.
Official OpenSea Collection Page:
? https://opensea.io/collection/desperate-ape-wives
Congratulations to the Desperate ApeWives (DAW)! Here’s to reaching new heights with this collection! I’ll provide further updates once the reveal occurs to showcase these remarkable apes!
